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Jun 7, 2021 - 09:02:29 PDT
The execution of its new inflation-targeting regime leaves much to be desired...
A quarter of a century after declaring the death of inflation, Roger Bootle is seeing signs of its rebirth.
Global gold exchange-traded funds (ETFs) added 61.3 t, valued at about $3.4-billion, in May, reversing three straight months of net outflows, which the World Gold Council (WGC) says is largely a function of investment demand increasing with the price strength of gold, along with renewed inflation concerns in the market, a weaker dollar and lower real yields
Jun 7, 2021 - 08:18:23 PDT
Our short-term gold performance model enables investors to dissect monthly gold returns into key drivers of investment demand. Different estimation windows provide additional insights on the varying influence of drivers over time. During May, our model shows gold’s performance was only modestly impacted by rates but they still remain a relevant driver this year.
Watch our Chief Investment Officer Steen Jakobsen examine the early warning signs of inflation currently making a return to global markets. In this session he explains the impact inflation can have on your investments, and the importance of asset allocation to protect yourself from an erosion of wealth.
China's foreign exchange reserves, the world's largest, rose more than expected in May, official data showed on Monday, as the U.S. dollar weakened.
Lyn Alden, founder of Lyn Alden Investment Strategy compares the valuation metrics of gold, cryptocurrencies, and equities, and evaluates which of these, in her opinion, has "never been more expensive."
Gold retreated on Monday as the U.S. dollar firmed slightly, with investors' focus switching to U.S. inflation readings later this week.
Consumer prices rose at its fastest pace in more a decade in the 12 months to April, but analysts project that it has picked up even more since then, raising fears that the economy is overheating. Economists surveyed by Bloomberg expect the year on year inflation rate to have jumped to 4.7 per cent in May in figures to be released by the Department of Labor on Thursday, compared with 4.2 per cent in April.
It is not just that inflation and rising yields in the US push up borrowing costs in the developing world, she said. The broader risk is that the US economy will power ahead of emerging economies, causing outflows from their stocks and bonds and, eventually, currency weakness.
A UN index of food prices "has reached its highest since September 2011, climbing almost 5% last month," reports Bloomberg. Another tracker of "prices from grains to sugar and coffee is up 70% in the past year."
China's trade surplus with the United States stood at $31.78 billion in May, Reuters calculations based on Chinese customs data showed on Monday, up from a $28.11 billion surplus in April.
China's exports rose 27.9% in May from a year earlier, missing forecasts, while imports increased 51.1%, customs data showed on Monday, as the world's second-largest economy continued its recovery from last year's pandemic slump.
President Vladimir Putin said Russia doesn’t want to stop using the dollar as he accused the U.S. of exploiting the currency’s dominance for sanctions and warned the policy may rebound on Washington.Russia has to adopt other payment methods because the U.S. “uses its national currency for various kinds of sanctions,” Putin said late Friday,,,
With Cyberattacks on the Rise, Organizations Are Already Bracing for Devastating Quantum HacksJun 7, 2021 - 05:29:01 PDT
In the U.K., a company called Arqit is quietly preparing businesses for cyberattacks in the age of quantum computing.
El Salvador Looks to Become the World’s First Country to Adopt Bitcoin As Legal TenderJun 7, 2021 - 05:27:58 PDT
El Salvador President Nayib Bukele plans to introduce legislation that will make it the world's first sovereign nation to adopt bitcoin as legal tender.
Yellen Admits Inflation Is About To Surge, Says It Will Be A "Plus For Society"Jun 7, 2021 - 05:23:29 PDT
Last week, when Biden released his $6 trillion budget, we asked if it was a joke that the BIden budget saw just 2.1% inflation in 2021 and 2022.
Market Bull Lists Inflation As Top Risk, Warns Investors May Get a ‘Wake-Up Call’ This SummerJun 7, 2021 - 05:21:56 PDT
Federated Hermes' Phil Orlando worries inflation could be stickier than the Federal Reserve anticipates, and it could spook Wall Street.
Treasury Yields Are Flat to Start the Week, 10-Year Treasury Yield at 1.58%Jun 7, 2021 - 05:20:46 PDT
Bonds yields were largely flat with only marginal upward movement on Monday with the U.S. 10-year Treasury yield at 1.58%.
These Charts Show the Highest and Lowest Corporate Tax Rates Around the WorldJun 7, 2021 - 05:14:22 PDT
Finance ministers from the Group of Seven advanced nations agreed on Saturday to back a minimum global corporate tax rate of at least 15%.